ExxonMobil Invests In Baton Rouge Refinery
Today ExxonMobil announced the company’s final investment decision for more than $240 million in capital improvements at the ExxonMobil Baton Rouge Refinery. The suite of projects will improve processing capability, increase flexibility for meeting market demand, advance overall site competitiveness and install technology for an expected 10 percent reduction of volatile organic compound emissions.
The projects will help retain 1,300 existing jobs at the refinery, and ExxonMobil estimates the upgrades will support more than 600 construction jobs on-site over three years. The investment also will provide more than 20 full-time job opportunities for graduates of the North Baton Rouge Industrial Training Initiative, a collaborative program spearheaded by ExxonMobil in 2012 to provide no-cost, fast-tracked industrial craft training for community residents.
“We are delighted with ExxonMobil’s decision to move forward with this important suite of projects,” Gov. John Bel Edwards said. “For more than a century, the ExxonMobil Baton Rouge Refinery has fueled the economy of our state and nation. These latest capital upgrades will continue to position the integrated ExxonMobil refinery and chemical complex here in Baton Rouge as one of the world’s most innovative and competitive energy sites.”
Project construction is expected to begin later this year. According to Dr. Stephen Barnes, director of the Kathleen Babineaux Blanco Public Policy Center at the University of Louisiana at Lafayette, direct, indirect and induced jobs resulting from project construction will total 2,030 in Baton Rouge by 2023. Direct property tax revenue is projected to reach $43 million over the life of the project.
After a 1909 groundbreaking in Baton Rouge, the ExxonMobil Refinery has grown to be part of a world-scale, integrated refining and petrochemical complex providing fuels, lubricants and wax products to customers around the world.